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FRANKFURT, July 27 (Reuters) – German exchange operator Deutsche Boerse announced on Saturday that it should no longer buy foreign currency badets from the Refinitiv data provider after a competing offer from Refinitiv to London Stock Exchange (LSE).
The LSE announced Friday to be in talks to buy financial data badysis provider Refinitiv Holdings Ltd for $ 27 billion, including debt.
"The executive committee of Deutsche Boerse AG is not expecting the conclusion of discussions regarding the purchase of some foreign exchange trading units," said Deutsche Boerse about his own discussions with Refinitiv.
LSE's approach to Refinitiv comes less than a year after the acquisition of Blackstone Group Inc by Refinitiv of Thomson Reuters Corp., which then valued the company at $ 20 billion, including debt.
Thomson Reuters owns Reuters News. (Report by Edward Taylor, edited by Mark Potter)
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